Investors awaiting the June jobs report. It's a key piece of data that could have an impact on the Fed's next move. It comes amid renewed pressure from President Trump on Fed chair Jay Powell to cut rates.Last night, he said Powell should be fired. Let's bring in former Dallas Fed President Richard Fischer. He is now senior adviser with Jeffre and a CNBC contributor.Also with us, CNBC senior economics reporter Steve Leeman. It is great to see both of you. Um Richard, it's great to see you again.We just had ...

Investors are watching the House of Representatives as it prepares to vote on President Trump's mega bill while also awaiting the June jobs report. Let's bring in Drew Mattis, head of the global economic and market strategy team at Metife Investment Management. Drew, great to have you with us.Um, first, because they're discussing it as we speak in Congress, the bill, how important is that to your overall market outlook for later this year in terms of getting those tax cuts extended. Well, without the tax cu ...

House Republicans moving President Trump's tax and spending bill one step closer to the finish line in a marathon session overnight. Emily Wilkins joins us now with the very latest. Emily.Hey Melissa. Yeah, I mean that Trump mega bill, it could pass the House in the next hour after Speaker Mike Johnson and his team again up all night putting the pressure on roughly a dozen holdouts to back the bill. And they got everyone to yes.All but one Republican voted just a few hours ago to advance the bill on a proce ...

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Is the Fed truly independent. Absolutely the Fed is. I think Chairman Powell has been very clear about that.He uh is consistent in that messaging and you know what they do uh is really based on the data. They they're very consistent with that. Uh they're going to react to the data. They're not going to react to outside forces to determine the path of of monetary policy.And that comes down to picking the Fed chair as well, right. I mean, you would hope that the FOMC members are not just calling for rate cuts ...

Stocks mostly higher today with the S&P 500 and NASDAQ closing at records as President Trump announced the framework of a trade deal with Vietnam. The gains coming despite some weak jobs data. ADP private payrolls unexpectedly fell by 13,000 in June.The labor department jobs report comes out tomorrow morning. For more on what it all means for markets and the Fed, let's bring in Jack Jennis, lead portfolio strategist at Natixus. Jack, great to see you.Thanks for having me back. Where do you stand on on where ...

All right, Ryan, I know that there are some Republicans who say they are concerned about this bill, but what is the likelihood this party is not going to end up getting behind it. Well, listen Katie, uh there is a very simple rule uh that you can basically take to the bank when you are watching things play out on Capitol Hill, and that is if you are staring at the C-SPAN screen and it is just numbers on the screen and no one voting, that means they don't have the votes. And that's exactly the posture that w ...

FEDERAL RESERVE 🚨 The chairman overseeing U.S. Federal Housing, Fannie Mae, and Freddie Mac is calling on Congress to investigate Fed Chair Jerome Powell. https://t.co/SES6BNu3B5 ...

Welcome back to Power Launch. As Kelly alluded to, Treasury yields are rising as investors digest weaker data for the jobs market and weigh the impact of President Trump's tax and spending package working its way through Congress. And now the next key report will be tomorrow's big granddaddy of them all, the big jobs number. Our Rick Santelli has the bond report with all of those factors at play and the big non-farm payrolls tomorrow.Rick. Yes, Dom. What an interesting day and for a variety of reasons.As yo ...

Market Catalyst anchor Brad Smith breaks down the latest market movers for July 2, 2025. President Trump's tax bill faces an uphill battle as it heads to the House after narrowly passing the Senate. Any changes to the bill would send it back to the Senate and make reaching the president's deadline difficult. Wall Street Journal Chief Economics Correspondent Nick Timiraos speaks with Brad about the outlook for Fed rate cuts as the ADP report showed an unexpected decline in private payrolls in June. This cont ...